With Medal for Tiger Woods, Trump Honors Golf Legend—and Business Ally
(Bloomberg) -- Donald Trump on Monday will award the Presidential Medal of Freedom, the nation's highest civilian honor, to golfer Tiger Woods in celebration of one of the greatest comebacks in sports history after setbacks due to personal problems and injuries.
But in bestowing the honor, Trump will draw attention to an issue that has dogged him since his election: concerns that he's using his public office to benefit his business.
Woods, one of the most celebrated golfers in history, designed Trump World Golf Club in Dubai through his company, TGR Design. The Trump Organization will operate the course owned by Damac Properties Dubai Co. when it's scheduled to open later this year.
Trump's ventures in Dubai, where he licensed use of his name for various projects, have netted him millions in recent years, according to his financial disclosures. “We will be doing something very special,” Trump said in 2014 when Damac announced its tie-up with Woods and the Trump Organization.
Trump's Democratic foes haven't questioned whether Woods deserves the medal, which the White House said is meant to recognize “especially meritorious contribution to the security or national interests of the United States, or world peace, or cultural or other significant public or private endeavors.”
Since he took office, Trump has battled accusations from Democrats and ethics watchdogs that he's used the White House to line his pockets. His hotel in Washington has become a magnet for lobbyists, Republicans and others seeking to curry favor with the first president in the modern era to retain his business while serving in public office. Government officials regularly spend money at his businesses. Companies subject to federal regulation host conferences in his banquet halls. Foreign governments pay top dollar to stay in his hotels.
The president placed his business in a trust run by his sons and a longtime lieutenant that names him as its sole beneficiary, meaning that even though he doesn't run its day-to-day operations he ultimately will reap the profits. Trump has said he's lost billions of dollars since moving into the White House.
Democrats and good government groups regularly assail Trump for maintaining ownership of his business while in office, and the Department of Justice is representing him in lawsuits that allege he's violating the U.S. Constitution by accepting payments from governments for goods and services.
A presidential medal to a sports star usually wouldn't raise questions of conflicts. After Woods won the Masters title last month, Trump tweeted that “because of his incredible Success & Comeback in Sports (Golf) and, more importantly, LIFE, I will be presenting him with the PRESIDENTIAL MEDAL OF FREEDOM!”
Trump played golf with Woods and Jack Nicklaus, who are generally considered the two best professional golfers in history, at his course in Jupiter, Florida in February.
Trump last year awarded a medal posthumously to all-time baseball great Babe Ruth without drawing controversy. But another medal Trump awarded last year showed a different type of potential conflict: He gave one to Miriam Adelson, wife of Republican mega-donor Sheldon Adelson, for her efforts to fight substance abuse and philanthropic support for medical research.
To contact the reporter on this story: Shahien Nasiripour in New York at snasiripour1@bloomberg.net
To contact the editors responsible for this story: Kevin Whitelaw at kwhitelaw@bloomberg.net, Justin Blum, Alex Wayne
©2019 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.